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Income Taxes | 3 Months Ended
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Mar. 31, 2023
Income Tax Disclosure [Abstract] |
Income Taxes | Note 9. Income Taxes The Company files income tax returns for TG, ES and ES Metals in the Republic of Colombia. GM&P, Componenti and ESW LLC are U.S. entities based in Florida subject to U.S. federal and state income taxes. The Company, which is a Cayman Islands exempted company, as well as all the other subsidiaries in the Cayman Islands do not currently have any tax obligations. The components of income tax expense are as follows: Schedule of Components of Income Tax Expense (Benefit)
|  | 2023 |  |  | 2022 |
|  | Three months ended March 31, |
|  | 2023 |  |  | 2022 |
Current income tax |  |  |  |  |  |  |  |
United States |  | $ | (3,464 | ) |  | $ | (1,102 | )
Colombia |  |  | (21,048 | ) |  |  | (11,015 | )
Panama |  |  | (3 | ) |  |  | (9 | )
Total current income tax |  |  | (24,515 | ) |  |  | (12,126 | )
Deferred income Tax |  |  |  |  |  |  |  |
United States |  |  | (284 | ) |  |  | 120 |
Colombia |  |  | 128 |  |  |  | 1,448 |
Total deferred income tax |  |  | (156 | ) |  |  | 1,568 |
Total income tax provision |  | $ | (24,671 | ) |  | $ | (10,558 | )
Effective tax rate |  |  | 33.8 | % |  |  | 33.5 | %
The weighted average statutory income tax rate for the three months ended March 31, 2023 and 2022 of 33.8% and 33.5%, respectively, approximate the statutory rate.

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